Padaeng agrees dividend, focuses on new areas
Padaeng Industry’s annual general shareholders’ meeting on Tuesday passed a resolution to pay dividends of Bt1 per share, for a total of Bt226 million, managing director Francis Vanbellen said. PDI will pay those whose names appear on the shareholders list by May 3 in accordance with Section 225 of the Securities Act, and the shareholder registration will be closed on May 4. The dividend payment will be executed on May 18. The company, which specialises in zinc mining and smelting but has been diversifying into other fields, says its PDI-CRT joint venture in Rayong province will provide value-added materials from recycling complex industrial wastes. The production facility is in the basic design process, which is due for completion by the second half of this year. After that, the factory will be constructed and is due to start commercial operations in 2019.
